Original disclosure @ IFC website
Updated in EWS Feb 2, 2023
Disclosed by Bank Jan 30, 2023
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IFC will support the Ministry of Public Works (MOP), in implementing the East Panama Road Public-Private Partnership (PPP), the first PPP transaction under the country’s newly adopted PPP Law. As lead transaction advisor, IFC will work with MOP to structure the PPP and implement a competitive tender to select a qualified private sector partner that will improve, enhance, rehabilitate, build, operate and maintain approximately 244km of roads east of Panama City. This project is part of the MOP’s larger program to improve 2,000 km of intercity and metropolitan roads in a series of transactions, which carry approximately 80% of the country’s interurban traffic.
Project Analysis includes:
PS 7. Indigenous Peoples
PS 6. Biodiversity Conservation and Sustainable Management of Living Natural Resources
PS 5. Land Acquisition and Involuntary Resettlement
PS 4. Community Health, Safety and Security
PS 3. Resource Efficiency and Pollution Prevention
PS 2. Labor and Working Conditions
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
No investment description available, only that estimated total budget is pending.
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